Seoul City to Commission 38 Urban and Architectural Service Projects This Year Worth 12.5 Billion KRW

[Asia Economy Reporter Kim Hyemin] The Seoul Metropolitan Government announced on the 26th that it will commission 38 service projects in the urban and architectural fields this year, totaling 12.5 billion KRW.

In order to share preliminary information with private companies, the city published a service project booklet on the same day, allowing an overview of the upcoming commissioned service projects.

The newly published booklet contains detailed information on major commissioned projects, commissioning schedules, and project budgets from four departments: the Balanced Development Headquarters, Urban Planning Bureau, Housing Policy Office, and Public Development Planning Team.

By department, the Balanced Development Headquarters will commission 10 projects this year, including the "Basic Plan for the Spatial Specialization and Guidance System Maintenance of the International Exchange Complex District." The Urban Planning Bureau plans to commission 10 projects, including the "Han River Waterfront Spatial Plan to Strengthen International Competitiveness." Additionally, the Housing Policy Office will commission 10 projects, such as the "Development of Housing Models for Single-Person Households and Basic Plan for Pilot Projects," and the Public Development Planning Team plans to commission 3 projects, including the "Plan for Utilizing National and Public Land and Aged/Underutilized City-Owned Land."

The city plans to commission over 90% of the total projects in the first half of the year and, considering the financial situation of service providers, will provide advance payments up to 80% upon request.

Yeo Jang-kwon, Head of the Balanced Development Headquarters of Seoul, said, "In the situation where the local economy is shrinking due to the prolonged COVID-19 pandemic, we published this booklet to expand bidding opportunities for urban and architectural service projects. We will strive to contribute to the stagnant livelihood economy through early commissioning and prompt execution of services."

This content was produced with the assistance of AI translation services.